Axa S.A. Has $2.41 Million Position in Entergy Co. (NYSE:ETR)

Axa S.A. grew its position in shares of Entergy Co. (NYSE:ETR) by 69.9% during the second quarter, HoldingsChannel.com reports. The firm owned 22,517 shares of the utilities provider’s stock after purchasing an additional 9,263 shares during the period. Axa S.A.’s holdings in Entergy were worth $2,409,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its position in Entergy by 6.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider’s stock worth $25,275,000 after buying an additional 13,882 shares during the period. Cetera Advisor Networks LLC lifted its holdings in shares of Entergy by 11.1% during the fourth quarter. Cetera Advisor Networks LLC now owns 55,261 shares of the utilities provider’s stock worth $5,592,000 after purchasing an additional 5,509 shares during the period. Groupama Asset Managment bought a new stake in shares of Entergy in the fourth quarter worth $15,783,000. Acadian Asset Management LLC increased its holdings in Entergy by 55.4% in the first quarter. Acadian Asset Management LLC now owns 14,877 shares of the utilities provider’s stock valued at $1,571,000 after purchasing an additional 5,303 shares during the period. Finally, Viking Fund Management LLC raised its position in Entergy by 6.3% during the 1st quarter. Viking Fund Management LLC now owns 125,600 shares of the utilities provider’s stock worth $13,273,000 after purchasing an additional 7,400 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ETR. Argus raised Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. LADENBURG THALM/SH SH reissued a “neutral” rating and set a $109.50 target price (down previously from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. Wells Fargo & Company boosted their price target on shares of Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Bank of America increased their price objective on shares of Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Barclays upgraded shares of Entergy from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $115.00 to $138.00 in a report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.58.

Entergy Stock Up 0.4 %

Shares of NYSE:ETR opened at $131.61 on Tuesday. The business’s 50 day moving average is $121.00 and its 200 day moving average is $112.09. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $131.75. The stock has a market cap of $28.10 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 2.46 and a beta of 0.73. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the company posted $1.84 earnings per share. On average, sell-side analysts forecast that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were paid a $1.13 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a yield of 3.43%. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Insider Activity

In related news, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,307,787.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew S. Marsh sold 600 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,092,241.93. The disclosure for this sale can be found here. Insiders sold a total of 50,810 shares of company stock valued at $6,140,626 in the last ninety days. 0.39% of the stock is currently owned by insiders.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.